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Today at the National Business Aviation Association convention
XOJET, the world's fastest-growing private aviation company, announced
it has placed an order for 30 Citation X business jets valued at more
than $600 million. With this order, XOJET expands its total Citation X
fleet to 47 jets.
"The growth of private aviation is fueled by a new type of
traveler--executives who fly privately more than 100 hours a year,"
said Paul Touw, president and CEO of XOJET. "XOJET's new model was
built to give these customers a better way to fly private, and market
response to our solutions has been exceptional. Our commitment to the
super-midsize jet category and the Citation X has helped fuel our
rapid growth, and we look forward to introducing 30 new Citation X
jets into our fleet."
XOJET will begin taking delivery of the order in Q1 2008.
Deliveries are scheduled to continue through Q4 2010. The company will
leverage this fleet expansion to serve its customer base of more than
500 leading corporations, executives and influential individuals for
whom flying private is essential. XOJET is the first company to
provide a complete range of private jet ownership, leasing and
on-demand travel solutions built especially for the most frequent
business jet fliers.
"XOJET's new private aviation model has brought significant
innovation to the table for private flyers, and it's great to know our
Citation X jets have helped the company set a winning standard of
service and performance," said Cessna chairman, president and CEO Jack
Pelton. "The Citation X defined the super-midsize category, and its
high speed, range and comfort have made it the leader in this class
for more than 10 years."
Single Class of Aircraft Drives Customer Value
Like successful commercial airlines, XOJET uses a single class of
aircraft to drive down costs and improve service levels, passing the
benefits on to customers. Super-midsize jets are the fastest-growing
segment of the business jet market, with total fleet size growing at
nearly three times the rate of the overall private jet industry.
The Cessna Citation X is a favorite among frequent air travelers
because of its 600-mph cruise speed, which makes it the fastest jet on
the market. Able to fly from Los Angeles to New York in just four
hours, the Citation X's Mach .92 speed can mean up to 15 percent
shorter flight times. This translates into operating costs that rival
much smaller and less capable midsize jets. The Citation X's
coast-to-coast range and efficiency also allow XOJET to serve regional
and transcontinental needs with one aircraft, building greater
economies of scale for customers.
About XOJET
XOJET is the first company to provide private jet ownership,
leasing and on-demand travel solutions built especially for frequent
business jet fliers. The company's strategy is to combine the service,
access and exclusivity of owning a jet with the efficiencies and
operational rigor of successful commercial airlines. Founded in 2001,
XOJET officially launched its service in January 2006 and has quickly
established itself as the fastest-growing private aviation company on
record. Among its customers, XOJET is known for brand new jets,
unmatched economics, stringent safety practices, exceptional service
and a 99.5 percent on-time departure rate.
Most recently, XOJET has been recognized with a number of honors
including being named a Robb Report "Best of Private Aviation" winner,
an Inc. Magazine "Fastest Growing Company" and one of the best places
to work in the Bay Area. For more information, visit www.xojet.com.
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